In overall trading Thursday on the Trinidad & Tobago Stock Exchange,15 securities changed hands, the price of 1 rose, 4 declined including 2 closing at a 52 weeks’ low and 10 traded with prices unchanged as a total of 174,395 shares traded, valued at $2,472,069.
At the close of the market, the Composite Index slid 2.06 points to 1,145.61, the All T&T Index fell 2.75 points to 1,954.54 and the Cross Listed Index fell 0.18 points to close at 44.15.
Gains| Clico Investment Fund traded 58,680 shares valued at $1,320,867 and closed 1 cent higher at $22.51.
Losses| ANSA McAL contributed 636 shares in trading, to close at $67.25 with the loss of a cent, JMMB Group traded 2,000 shares to close 4 cents down at 41 cents. National Enterprises with 827 shares changing hands, and lost 9 cents, to close at a 52 weeks’ low at $17 and Republic Bank suffered a loss of 1 cent to close at a 52 weeks’ low of $113.99 with 6,423 shares changing hands, at a value of $732,158.
Firm Trades| Angostura Holdings with 40 shares changing hands, closed at $14, Ansa Merchant Bank traded 446 units at $38.95, Grace Kennedy had 240 units changing hands at $3.50, Guardian Holdings added 2,000 shares to close at $12.90, Guardian Media 
traded 300 shares with the price remaining at $19.76. Massy Holdings traded 73 shares to close at $67.02, National Flour Mills with 51,250 shares traded and closed at $2.20, One Caribbean Media traded 100 shares with the price closing at $22.31, had 712 shares changing hands at $62.32 at the close and Trinidad Cement traded 50,668 at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
No end to TTSE fall
2 up 3 down on TTSE
In overall trading on the Trinidad & Tobago Stock Exchange on Tuesday,13 securities changed hands, 2 stocks rose, 3 declined and 8 traded with prices unchanged as a total of 157,041 shares traded, valued at $3,411,444.
At the close of the market, the Composite Index slid 1.54 points to 1,147.67, the All T&T Index remained unchanged at 1,957.29 and the Cross Listed Index fell 0.41 points to close at 44.33.
Gains| ANSA McAL contributed 1,203 shares and closed at $67.26 with a gain of a cent and Scotiabank had 4,550 shares changing hands at $62.32, up 1 cent.
Losses| Agostini’s traded 1,470 units at $17.25 down 1 cents, Massy Holdings traded 18,284 shares valued at to close at $67.02 after declining by 6 cents, National Commercial Bank also fell but by 6 cents to end at $1.52 with 7,000 shares changing hands.
Firm Trades| Angostura Holdings with 1,940 shares changing hands, to close at $14, Clico Investment Fund traded 26,590 shares valued at $598,395 and closed at $22.50, First Citizens Bank with 10,434 shares changing hands for a value of $365,190 and 
closed at $35 while Guardian Holdings added 18,284 shares valued at $515,124, to close at $12.90. National Enterprises with 3,500 shares changing hands, closed at $17.09, National Flour Mills with 2,056 shares traded closed at $2.20, Sagicor Financial Corporation added 39,682 shares valued at $238,092 to end at $6, and West Indian Tobacco traded 400 shares to close at $126.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Big drop for JSE Wednesday morning
The Jamaica Stock market suffered large losses in the morning session up to 11 am, in the process the All Jamaica Index trades at 110,281.78 to fall by 2,012.29 points, JSE Market Index declined 1,800.35 points to 99,614.99. The combined index fell 1,738.30 points to be at 103,101.32 and the junior market index 1,013.25, down 4.50 points.
Today the Treasury bill bid in the monthly auction is opened. This is a day when investors’ minds are historically not focused on the stock market as they await the outcome of interest rates, as well as how successful their bidding turn out to be. The sluggishness in trading in the morning session, could be related to this development. At the close of trading on Tuesday the signals were for a weaker market on Wednesday, today’s slowness should come as no great surprise.
On a day when there were few stocks rising, Cable & Wireless buck the trend with a rise to 45 cents with only 88,668 units, Caribbean Cement traded only 1,011 units at $8.20 for a 20 cents rise, Scotia Group fell back from $24.50 to $24.01 with just 5,000 shares and contributed a large portion of the fall in the indices, Jamaica Stock Exchange that traded at a new high of $9 on Tuesday traded just 2,000 shares at $8.50 but the stock has an offer at $8.20. Mayberry fell 55 cents to $2.85, with 42,467 shares, Radio Jamaica traded 2,500 shares with a loss of 99 cents to $3.01 and Supreme Ventures traded at 11,600 shares and fell $1 to $3.50.
A total of 21 securities with a volume of only 2,160,851 units have traded with 10 stocks declining versus 3 that rose.
Republic drops 90C on TTSE
Republic Bank dropped 90 cents to close lower at $114 while trading just 186 units to end at a 52 weeks’ lows. The stock has been under pressure for months having fallen from $122.05 last year July and National Commercial Bank also fell but by just 5 cents to end at $1.58 with 14,636 shares changing hands. The fall in Republic impacted the market indices negatively.
At the close of the market, the Composite Index slide 2.01 points to 1,149.21, the All T&T Index declined by 1.42 points to 1,957.29 and the Cross Listed Index fell 0.35 points to close at 44.74.
In overall trading on the Trinidad & Tobago Stock Exchange on Tuesday, million worth of stocks traded and ended with 12 securities changing hands with 2 stocks rising, 2 declining and 8 traded with prices unchanged as a total of 339,927 shares traded, valued at $7,336,465.
Gains| Unilever Caribbean gained, 5 cents to end at a 52 weeks’ high at $67.05 while trading 2,000 shares and Clico Investment Fund traded 4,035 shares and closed at $22.51, up 1 cent.
Firm Trades| ANSA McAL contributed 2,287 shares and closed at $67.25, while Ansa Merchant Bank traded 1,000 units at $38.95, First Citizens Bank with 174,464 shares changing hands for a value of $6,106,252 closed at $35 while Guardian Holdings added 
26,141 shares valued at $337,219, to close at $12.90. National Flour Mills with 2,000 shares to close at $2.20, Sagicor Financial Corporation added 55,553 shares valued at $333,318 to end at $6, Scotia Investments had 24,500 shares changing hands at $1.51 and Trinidad Cement contributed 35,160 shares and closed at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Sagicor Financial raises US$320m
Sagicor Financial’s Jamaican subsidiary Sagicor Group HQ. earnings
JP Morgan and Scotiabank, the joint book runners for the Bond, successfully completed the transaction on behalf of Sagicor. In a recent press release, Scotiabank VP, Dylan Coke, stated, “It is important to note that not only was the Bond very successful overall, there was a robust demand for it within the Region.” He added that approximately a third of the Bond’s takers were Caribbean investors.
Rating agencies Standard & Poor’s and Fitch, have both given the Bond issue a ‘B’ rating. This rating has been capped in line with the sovereign rating for Barbados.
Sagicor a Barbados based Life Insurance company is a provider of financial services in the Caribbean and 0perating in 22 countries, including the USA and Latin America, Sagicor has total assets of US $6.2 billion and $774 million in capital. The Sagicor Group offers a wide range of products and services including life insurance, annuities and group and individual health, and has an insured base in the region of two (2) million. Sagicor is a publicly traded company with over 37,000 Shareholders, and is listed on the stock exchanges of Barbados, Trinidad and Tobago and London.
The company is the largest shareholder in Jamaica’s Sagicor Group which includes banking, life and health insurance and fund management.
Sagicor Financial recorded net income from continuing operations of US$37.5 million for the first six months ended June, 2015, compared to the prior year result of US$33.2 million, an increase of 13 percent. Net income from continuing operations attributable to shareholders was US$21.8 million, compared to the prior year of US$19.3 million, an increase of 13 percent. Earnings per common share from continuing operations, was 7.0 US cents compared to the prior year result of6.2 UScents.
JSE drops Monday Morning
The Jamaica Stock market made moderate losses in the Monday morning session, at 11:15 am. In the process the All Jamaica Index trades at 111,329.50 having fallen 
by 286.48 points, JSE Market Index declined 256.31 points to 100,552.36. The combined index fell 217.09 points to be at 104,146.72 and the junior market index trades at 1,031.09, having gained 2.71 points.
Carreras dropped $1.50 to $50 with 84,690 shares, Gleaner Company traded 61,465 shares and fell 41 cents to $2.30. JMMB Group traded up to $7.99 with the company reporting strong increase in profit for the first quarter and Scotia Investments traded 9,157 units with decline of 69 cents to $27.30.
A total of 23 securities with a volume of only 865,541 units have traded with 10 stocks declining versus 5 that that rose. Trading saw 6 securities in the junior market changing hands with General Accident falling 14 cents in response to poor second quarter results.
Clico traded $34m shares on TTSE
Trading on the Trinidad & Tobago Stock Exchange saw $35 million worth of stocks trading and ended with 9 securities changing hands with 2 stocks rising, 1 declining and 6 traded with prices unchanged as a total of 1,623,705 shares traded, valued at $35,006,596.
At the close of the market, the Composite Index gained 0.26 points to 1,151.05, the All T&T Index rose 0.44 points to 1,958.36 and the Cross Listed Index added 0.01 point to end at 45.09.
Gains| National Enterprises increased 4 cents to end at $17.09 with 556 shares changing hands and Scotia Investments was the volume leader with 50,000 shares changing hands 1 cent higher at $1.51.
Declines| Massy Holdings traded 118 units, 3 cents lower at $63.05.
Firm Trades| Clico Investment Fund traded 1,534,780 shares valued at $34,547,898 to close at $22.51, Firstcaribbean International Bank added 5,000 shares at $6, 
Grace Kennedy ended with 17,789 units changing hands at $3.50, National Flour Mills traded 3,000 shares to close at $2.10, Sagicor Financial Corporation added 12,697 shares to end at $6 and Scotiabank traded 3,365 shares unchanged at $62.31.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
12 stocks up 15 down as JSE indices jump
JSE main market pierced resistance at 108,000 points & is heading to the next resistance level at 115,000 points.
At the close, the JSE Market Index gained 676.72 points to 102,186.50, the JSE All Jamaican Composite index rose 756.39 points to close at 113,156.01 and the JSE combined index climbed 660.25 points to end at 105,742.36.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 9 stocks with bids higher than their last selling prices and 10 with offers that were lower.
In trading, Cable and Wireless ended with 990,000 units changing hands at 40 cents, Caribbean Cement stock fell $1.35 to close at $7.15 but traded as high as $8.60 with 669,805 units traded, Carreras traded 3,200 units to close 50 cents off at $51.50, Desnoes & Geddes had 43,637 shares changing hands at $6.80, up 29 cents. Gleaner closed with 377,400 shares traded at new closing 52 weeks’ high of $2.72 for a gain of 21 cents. Grace Kennedy traded 138,893 shares to end at $64.01, Jamaica Producers gained 20 cents to end at $19 with 3,160 units trading. JP yesterday reported earnings for the second quarter attributable to shareholders of $414 million but the bulk of that it, $319 million came from gain on sale of fixed assets and investments. The year-to-date to June net profit attributable to JP shareholders was $589 million compared to $138 million in 2014 of which $429 million came from gains on disposal of fixed assets and investments. JMMB Group traded 
30,000 units and fell 10 cents to end at $7.50, Mayberry Investments had 149,575 shares trading at $3.15, National Commercial Bank traded 109,682 shares at $30.10 with a decline of 90 cents. Radio Jamaica traded just 59,325 shares to end at $4, for a 30 cents decline, Proven Investments closed at 19 US cents after gaining 1.50 US cents with 255,000 shares changing hands, Sagicor Group ended trading with 30,528 units at $13.10 to add 5 cents. Sagicor Real Estate Fund closed at $8.30 while trading 27,548 units, Scotia Group lost 45 cents and ended with 61,898 units trading at $26, and Supreme Ventures traded 27,997 shares at $4 after shedding 50 cents and Proven Investments 8% preference ended at a new 52 weeks’ low of $4.96 with 418,000 units changing hands after losing 2 cents.
1 stock fell on TTSE none rose
Trading on the Trinidad & Tobago Stock Exchange ended with 10 securities changing hands on Tuesday with no stock rising, 1 declining and 9 traded with prices unchanged as a total of 362,111 shares traded, valued at $4,141,088.
At the close of the market, the Composite Index fell 0.09 points to close at 1,151.20, the All T&T Index lost 0.18 points to 1,958.04 and the Cross Listed Index remained at 45.17.
Declines| Massy Holdings closed with just 8,262 shares valued at $521,168 changing hands at $63.08 after losing 1 cent.
Firm Trades| ANSA McAL with 571 shares ended at $67.25, Clico Investment Fund traded 43,480 units at $22.51 with a value of $978,734, First Citizens Bank closed at $35 with 4,166 shares changing hands, Flavorite Foods traded 7,500 shares at $4.80. 
Grace Kennedy closed with 50,000 shares changing hands at $3.60, Guardian Holdings had 2,600 shares trading at the close at $13.09, National Flour trade 1,000 units at $2.10, Scotiabank traded unchanged to end at $62.31 with 25,175 shares valued at $1,568,706 and Trinidad Cement ended with 219,357 shares valued at $636,135 changing hands unchanged at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
Scotia pushes Indices again
On Friday Scotia Group gave a big boost to the main market index and on Monday took a big bite of the Friday’s gain but in early trading the stock that carries much weigh in the indices has push them up. In the process the All Jamaica Index trades at 111,929.08 to gain 551.76 points, JSE Market Index gain 493.64 points to 101,088.80. The combined index gained 486.02 to be at 104,759.29 and the junior market index 1,042.86 rising 2.28 points.
In main market trading, Gleaner traded at a new 52 weeks’ high of $2.09 with 25,000 shares to gain 20 cents, and an offer at $3.50, Sagicor Real Estate X Fund traded 86,402 units at $8.45, Scotia Group had 63,778 units changing hands at $26, Jamaica Money Market Brokers 7.50% preference share traded 46,000 units at $2. The junior market had 8 securities trading with Caribbean Cream trading 332,244 shares at $1.90 and Lasco Manufacturing trading 193,967 units at $2.
A total of 20 securities with a volume of 982,126 units have traded after 75 minutes of the market’s opening. 3 stocks have declined at versus 6 that rose.